Omnicom Group Inc. (NYSE:OMC) Shares Acquired by PGGM Investments

PGGM Investments increased its stake in Omnicom Group Inc. (NYSE:OMC) by 1.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 35,811 shares of the business services provider’s stock after purchasing an additional 613 shares during the quarter. PGGM Investments’ holdings in Omnicom Group were worth $3,465,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Atria Investments Inc grew its stake in shares of Omnicom Group by 19.8% in the first quarter. Atria Investments Inc now owns 17,580 shares of the business services provider’s stock valued at $1,701,000 after buying an additional 2,909 shares in the last quarter. Swedbank AB acquired a new stake in shares of Omnicom Group in the first quarter valued at about $6,223,000. LRI Investments LLC acquired a new stake in shares of Omnicom Group in the first quarter valued at about $270,000. Virtu Financial LLC acquired a new stake in shares of Omnicom Group in the first quarter valued at about $583,000. Finally, Wahed Invest LLC grew its stake in Omnicom Group by 13.8% during the 1st quarter. Wahed Invest LLC now owns 3,833 shares of the business services provider’s stock valued at $371,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC traded down $2.85 during mid-day trading on Friday, hitting $92.00. The company had a trading volume of 1,867,755 shares, compared to its average volume of 1,915,319. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $98.71. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $91.43 and its two-hundred day simple moving average is $91.77.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.07. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. As a group, equities research analysts forecast that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. UBS Group raised their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.70.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.